Coin News

An 8,000-acre wildfire, dubbed the ‘Rock fire’, threatens the so-called Block Chain Valley, according to lone resident Morgan Rockwell. Having started at approximately 4:10pm on Wednesday, the fire has already destroyed several outbuildings. The local newspaper, Lake County News, has been experiencing a denial of service attack for hours amid the fire. In Upper Lake, Block Chain Valley is not under an evacuation order as of this writing. Block Chain Valley, according to Rockwell, has numerous initiatives underway, including attempts to bring Tesla into Bitcoin. Though his vision grand, Rockwell’s previous initiatives failed to come to fruition. Some of his […]

The post BREAKING: An 8,000-acre Wildfire Threatens So-Called World's First Bitcoin Town In Block Chain Valley appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A new report from Kapersky Lab shows that developers continue to target users with malware geared toward illicitly generating or stealing bitcoins.

The National Science Foundation has awarded research grants on the science and applications of crypto-currency, with approximately $1 million awarded to date. The NSF initiative is part of the “Secure and Trustworthy Cyberspace” program for cybersecurity research and development to minimize the dangers of cyber technology, promote education and training in cybersecurity, establish a science of cybersecurity and convert promising cybersecurity research into practice. The NSF grant has been awarded to Emin Sirer at Cornell University (grant information here), Elaine Shi, Michael Hicks, Jonathan Katz and David Van Horn at the University of Maryland (grant information here), and Dawn Song at the University of California-Berkeley (grant information here). Emin Sirer, an associate professor of computer science at Cornell University, researches […]

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This is a guest post by Eugene Illovsky, a partner at Morrison & Foerster in Palo Alto.  He advises on corporate compliance and represents companies in their interactions with government investigatory, enforcement, and prosecutorial authorities. What compliance expectations does the Department of Justice have for businesses entering the virtual currency space? How can a company meet those expectations to stay out of trouble with DOJ, or at least mitigate the effects of any criminal inquiry on it as well as its executives, employees and investors? A recent speech by the Criminal Division head, Assistant Attorney General Leslie Caldwell, provides critical guidance on DOJ’s “approach to the emerging virtual currency landscape” and expands on its view that “compliance and cooperation from exchanges, […]

The post Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice appeared first on Bitcoin Magazine.

According to a recent article, Visa is aiming to maintain its dominance one way or another. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately. Visa is not against ultimately updating its methods to remain competitive if other technologies such as Bitcoin come along and accomplish the same task, only cheaper. Visa told the International Business Times: Take something outside of that – who is going to regulate it, authenticate it? If we skip a heartbeat of settlement here – can you imagine us saying: 'We can't settle the Lloyds cards today'; […]

The post Visa Cautious on the Bitcoin Block Chain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The founder of Australia-based bitcoin exchange igot has refuted claims that his business is a scam.

A pair of metro Detroit delis have taken on a leadership role in promoting bitcoin. Bronx Delis in Pontiac and Farmington Hills, Mich. have served as gathering spots for local bitcoin enthusiasts. While restaurant patrons enjoy food and beverages as they discuss bitcoin, they can pay for their meals with bitcoin using smartphones and a QR code. And if they want to add to their bitcoin wallets, they can buy bitcoin from a recently installed bitcoin ATM at the Farmington Hills restaurant, which reportedly is the first bitcoin ATM in the “Motor City.” Tapping A New Market Owner Marc Zuccato […]

The post How a Pair of Progressive Delis Became Metro Detroit’s Bitcoin Boosters appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

In an important moment for global markets, and the bitcoin price chart, the Federal Open Market Committee steered clear of committing to a date for their first interest rate hike since the Fed adopted ZIRP several years ago. The Fed's cautious stance calmed market nerves and Bitcoin price slumped in response. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 07h31 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: […]

The post Bitcoin Price Slumps On Rates Delay appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

David Cameron is on a trade mission to South East Asia right now, and he's banging the drum for Britain's fintech industry.

The Prime Minister is throwing his weight behind a new fintech manifesto from trade body Innovate Finance, published on Thursday, and is holding a roundtable in Indonesia to coincide with the manifesto's release.

The roundtable features representatives from top British firms like mobile payment specialist Monitise, peer-to-peer lender Ratesetter, bitcoin wallet provider Blockchain, and online business loan provider iwoca. 

The companies are all part of a crop of British businesses using technology to do financial services faster and cheaper thank traditional operators. Most have sprung up since the 2008 recession, thanks to a combination of technological advances, redundancies at big banks, and a distrust of traditional lenders among consumers.

David Cameron said in an emailed statement on Thursday: "This government wants the UK to be the leading FinTech centre in the world, that’s why, at the Summer Budget, we appointed a Special Envoy for this fast growing sector."

Well-known London technology investor Eileen Burbidge was named Special Envoy for fintech in the recent budget.

Innovate Finance's manifesto calls for the creation of 100,000 new fintech jobs by 2020, in part through the creation of apprenticeships and fintech degree courses. That's almost double the current total of 135,000 fintech jobs in Britain.

Commenting on this, Cameron said in the statement: "I’m pleased that Innovate Finance’s manifesto has set such ambitious goals including the creation of 100,000 jobs. This will ensure we are a world leader in the development of financial services technologies.”

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Bitcoin Press Release: US Based HashingSpace Corporation Announced it has been uplifted to a higher reporting status on the OTC Market. HashingSpace will now be listed as OTCQB: HSHS. HashingSpace provides scalable datacenter and technology infrastructure for the global adoption of Bitcoin including Bitcoin ATMs and hosted ASIC mining. WENATCHEE, WA / July 29, 2015 / HashingSpace Corporation (OTCQB: HSHS), a company focused on the global adoption of Bitcoin, announced today that it has officially been uplifted to a higher reporting status. HashingSpace will no longer be listed on the Pink Sheets and has been moved to OTCQB status. HashingSpace Corporation submitted all the mandatory documents and has successfully met all of the initial requirements to receive this upgrade. The […]

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Bitcoin Press Release: Over 2 years old, CryptoBullion is pleased to announce an unprecedented Proof-of-Stake-Participation algorithm and expansion into emerging Chinese markets. Designed to be rare and valuable, less than 1 million CBX are in circulation, with a variable annual interest rate of over 2% for stakers. FLORIDA, USA / July 29, 2015 / CryptoBullion (CBX), launched in June of 2013, is an exclusive cryptocurrency with less than 1-million units in circulation (21 times more rare than Bitcoin). CBX has successfully completed its distribution phase and has reached the planned stage where its money supply grows by 2% per year. This economically sound annual increase mirrors the supply fundamentals of precious metals, positioning CBX as the “platinum” alternative to Bitcoin’s […]

The post Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets appeared first on Bitcoin Magazine.